Look up: benchmarking

1. benchmarking
   A performance standard against which operating performance is measured, which is used to identify performance improvements and best practices in an industry.
   Found on http://www.fmi.org/facts_figs/glossary_s
   
   
2. Benchmarking
   A method used by public sector organisations, charities and private companies for gauging their performance by comparing it to the performance of other organisations, typically of a similar size. The government encourages public sector bodies to compare their score on various published performance i...
   Found on http://society.guardian.co.uk/glossary/p
   
   
3. Benchmarking
   The continuous process of measuring companies in similar service areas against strong competitors or recognised industry leaders. Benchmarking is used by regulators to improve performance and can be applied to all facets of operation. It requires a measurement mechanism so that the performance gap can be identified.
   Found on http://www.greenconstruction.co.uk/gloss
   
   
4. Benchmarking
   The process of comparison of performance between business units, companies, sectors etc in order to establish change.
   Found on http://www.sd3.co.uk/glossary.html
   
   
5. Benchmarking
   involves comparing the measures in your organisation for certain factors with those in a similar organisation as a way to set and understand your own standards
   Found on http://www.epaw.co.uk/EPT/glossary.html
   
   
6. Benchmarking
   Benchmarking is the term given to the process of measuring standards of actual performance against those achieved by others with broadly similar characteristics.
   Found on http://www.encyclo.co.uk/local/20809
   
   
7. benchmarking
   the process of re-estimating statistics as more complete data become available.Estimates are usually calculated using only a sample of the universe(total count) Category: Statistics • The establishment of a criterion,standard or reference point against which to establish targets and measure progress Category: Man and society
   Found on http://www.mijnwoordenboek.nl/definition
   
   
8. benchmarking
   Method of measuring performance against established standards of best practice. ... (12 Dec 1998) ...
   Found on http://www.mondofacto.com/facts/dictiona
   
   
9. Benchmarking
   The practice of one company identifying the leading company in its particular industry. It then sets out to measure its own performance in comparison with the market leader and undertakes to take action to narrow the gap in terms of its own performance. It allows firms to find and adopt best practi...
   Found on http://www.business2000.ie/resources/Glo
   
   
10. benchmarking
    Type: Term Pronunciation: bench′mark-ing Definitions: 1. Comparison of a person's laboratory results with that of other organizations using defined system processes.
    Found on http://www.medilexicon.com/medicaldictio
    
    
11. Benchmarking
    A systematic process of continuously measuring an organization's critical business processes against business leaders anywhere in the world to gain information which will help the organization take action to improve its performance. Steps include Planning the Study, Collecting Information, Analyzing Results, Implementing Improvements.
    Found on http://www.encyclo.co.uk/visitor-contrib
    
    
12. Benchmarking
    A measurement process that establishes goals, operating targets and production expectations and can be used for comparison in an effort to achieve maximum efficiency of operation, i.e job evaluation, rating of performance, cost estimating and standards.
    Found on http://www.mhia.org/learning/glossary/b
    
    
13. Benchmarking
    A way of comparing a particular process and outcomes in one organisation with another organisation. Each organisation can then examine and change their own processes to achieve better outcomes.
    Found on http://www.eastlondon.nhs.uk/glossary.ht
    
    
14. Benchmarking
    `Benchmarking` is the process of comparing one`s business processes and performance metrics to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost. In the process of benchmarking, management identifies the best firms in their industry,...
    Found on http://en.wikipedia.org/wiki/Benchmarkin
    
    
15. Benchmarking
    (geolocating) `Benchmarking` (also known as `benchmark hunting`) is an activity in which individuals or teams of participants go out and find benchmarks (also known as survey markers or geodetic control points). They typically then log their finds online. Like geocaching, the activity ...
    Found on http://en.wikipedia.org/wiki/Benchmarkin